Some of the country’s top consumer goods companies, which have reported their second quarter numbers so far, believe the second half of the ongoing financial year will be stronger than the first, driven by better demand conditions.

The GST-related trade disruptions that had hurt financial performance in the September quarter will abate, top executives said, with volume growth likely to improve on GST -induced price cuts and income tax cuts.

The aggregate financial numbers derived after combining the earnings of eight top FMCG firms, which have declared their results, show that year-on-year revenue growth and profit growth for Q2 are at 1.7% and 1.1% only. While Ebitda growth has been flat, Ebitda margins have been range-bound at 24% in the quarter versus 24.5% seen last year.

FMCG fi

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